Transactions: 8-25-08


$825K WNCM-FM CP Rocky Mount-Wilson NC (Garysburg NC) from A. Thomas Joyner to Capitol Broadcasting Company Inc. (James F. Goodmon). $41,250 escrow, balance in cash at closing. CP is for Class A on 103.1 MHz with 6 kw @ 317’. Is applying to change COL to Sharpsburg with less power but higher HAAT. Joyner is helping third party station WWDW-FM is moving from 103.1 MHz to 107.7 MHz, and buyer may cover 50% of costs above $50K (or surrender escrow and terminate agreement); buyer may also be liable for FCC unjust enrichment penalty about $200,500. WNCM-FM will have overlap with Capitol radio and TV stations in neighboring Raleigh-Durham market. [File date 7/14/08]

$150K KNNZ-AM Cedar City UT from PRC St. George I LLC, krelated to Public Radio Capital (Marc Hand) to Radio 940 LLC, a subsidiary of Legacy Communications Corporation (E. Morgan Skinner Jr.). $15K down payment, balance in cash at closing. Duopoly with KENT-AM Parowan UT. [File date 7/14/08]